All the news from last week
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FinCEN Wants Fraud Information Shared to Stop Global Money Laundering
FinCEN remains willing to see fraud information being shared among banks, leveraging statutory safe harbor rules to dismantle complex money launder...
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AMLA Concludes Inaugural Anti-Money Laundering Framework Conference
The inaugural assembly introduces advanced Anti-Money Laundering Architecture Enhancements as AMLA successfully concludes its first conference to e...
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Understanding the Operational Divergence Between Stablecoin Transfers and Transactions
An analysis of stablecoins transaction complexity based on BIS research, highlighting why compliance teams must track bundled smart contract flows ...
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US House Committee Hearing Examines Chinese Money Laundering Networks
A US House Committee hearing examined how Chinese money laundering networks facilitate cartel financing through underground banking systems, cross-...
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European Authorities Freeze Assets in Sweep of 336 Million Euro Crypto Laundering Site
The global seizure of an illicit digital platform disrupts an infrastructure that facilitated cryptocurrency laundering of over three hundred thirt...
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Former TD Bank Employee Gets Two Years For Five Million Dollar Laundering Scheme
A former TD teller received a two-year prison sentence for accepting bribes and abusing his position to help launder over five million dollars to C...
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Hong Kong Court Upholds €30 Million Award Despite Sanctions Risk
An analysis of sanctions enforcement standards and recent judicial interpretations in financial crime prosecution within Hong Kong and major intern...
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Revolut Faces Strict European Central Bank Operational Restrictions
The European Central Bank imposed strict limits on Revolut to correct fintech regulatory oversight flaws and internal governance weaknesses.
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French Drug Trafficking Profits Laundered Through Belgium Yielding Large Scale Seizures
A joint enforcement operation dismantled a network where French drug trafficking profits were laundered through Belgium resulting in massive asset ...
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Uncontrolled Trade-Based Money Laundering Gaps in Global Banking
A deep analysis of how trade-based money laundering remains the largest unmonitored channel for financial crime due to global banking system gaps.
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BaFin Orders Instinet Germany GmbH to Address Money Laundering Deficiencies
BaFin has issued a binding order to Instinet Germany GmbH demanding the immediate rectification of extensive deficiencies found within its core ant...
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NZ Court Hits ASB Bank With Huge 6 Million Dollar Fine For AML Failures
The High Court of New Zealand ordered ASB Bank Limited to pay a 6,731,000 dollar penalty for widespread failures in its ASB Bank Limited AML pecuni...
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Dutch AFM Hits Bunq With €170k For Slow Fraud Complaints Reporting
The Dutch Authority for the Financial Markets has fined bunq 170000 euros due to severe delays in responding to fraud complaints, highlighting anti...
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Caritas Luxembourg €61 Million Fraud Probe Reaches Rome
Caritas Luxembourg fraud continues to unfold after the arrest in Rome of a woman suspected of helping build the international laundering network li...
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The Sanctioned Exchange Problem: Why Crypto AML Still Fails at the Off-Ramp
Crypto off-ramp infrastructure has emerged as a critical AML challenge as sanctions actions involving exchanges linked to high-risk jurisdictions e...
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When Does Regulatory Accountability Become a Collateral Challenge?
The enforcement of anti money laundering standards requires clear legal boundaries to prevent a collateral challenge from disrupting regulatory fin...
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FINRA Penalizes TradingBlock With $210k Fine For Compliance Failures
FINRA, the US Financial Industry Regulatory Authority, fined TradingBlock 210000 dollars for failing to implement a compliant anti money laundering...
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UK Teenager Facing Russian Sanction for Uncovering Crypto Laundering Network
An analysis of the cryptocurrency laundering network report that led to a Russian sanction against a UK teenager, detailing a 350 billion dollar pa...
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HSBC Private Bank Suisse Indicted in France Over Alleged 300 Million Dollar Fraud
HSBC Private Bank Suisse faces an 80 million euro bail order and criminal charges in France for organized money laundering involving a suspected 30...
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Danish Prosecutors Demand 6 Billion Krone (€880M) Penalty for Nordea Violations
A historic Nordea money laundering fine of 6.6 billion DKK is demanded by Danish prosecutors after billions in suspicious transactions through Nord...
